Review of Spreadex Financial Spread Betting Offering
Spreadex is a spread betting company that was founded just over ten years ago, in 1999. Sports betting is featured as much as financial spread betting, and the guiding principle for the operation is that spread betting should be user-friendly. Over 10% of the UK's spread betters apparently agree that this has been achieved and use Spreadex by choice.
In 2006 the company provided online sports betting, and a year later followed up with online financial trading. It still provides excellent telephone trading. It is registered with and regulated by the Financial Service Authority (FSA). The quoted spreads are not the most competitive, but the margin requirements are good.
Spreadex is based out of St Albans, unlike the majority of UK companies which operate in the financial hub, London. This doesn't affect their service, however, and most traders speak well of the company. Spreadex offers a sign on bonus at the moment which is worth up to £200. It simply covers any losses incurred during the first two weeks of trading, up to the value of £200, and this is automatically applied after fourteen days. This applies to open positions too, unlike some other bonuses which only cover completed trades and realized losses. The only requirement is that you place a minimum of five trades during that period.
Spreadex allows accounts to be Euro or US dollar based too, which avoids the uncertainty of currency manipulations. In this case, the bonus offer covers 200 units of the chosen currency. Incidentally, there is a parallel offer for sports betters, who get two £100 football bets as a bonus.
One minor grouse is that you cannot open a position and set a stop loss at the same time. You must first have the position open and then set your limit order or stop. There is no limit on buying the same contract repeatedly, but if you want to simultaneously go short, you must choose a differently dated contract, otherwise your order will be interpreted as closing the initial position. Incidentally, when your stop order closes the position it can take a few minutes to be cleared from the screen, making you wonder if the order has gone through.
Conclusion and Overall Summary of Spreadex's Offering
In summary, it looks as if Spreadex is set to continue to grow and attract more of the spread betting market. The platform is available from any internet connected computer, and is user-friendly. There is a good range of financial products, including indices, shares, commodities, bonds, interest rates and Forex, and the spreads are acceptable. We rank Spreadex as good value and worth a look.
Questions and Answers
Article Tags:
spreadex review
,spread betting
,financial spread betting
,shortsandlongs
,opinion
,spread ex account
,spreadex financials
,spreadex
The growing Indian market is attracting investors on the ground of the promising and assured return. The online trading is very popular these days and most of the people prefer it for quick money.
Learn the fundamentals of committing cash in Stocks, Ties, Common resources, Merchandise, Actual estate We create Getting Inventory Industry straightforward for you with a comprehensive guide to committing. Any effective stock market buyer must be acquainted with the fundamentals of stock market committing.
Online share trading is one of the most popular financial markets in the world today; however, any people are hesitant in starting due to not knowing a lot about it. This article will help explain what online share trading is all about, how you can get involved for a low initial investment and what to consider before, during and after trading.
The stock market is mostly used to create money. . I am sharing my investment strategy as a retail investor. Most financial experts recommend investors to initially contact a financial advisor. Able to provide advice, it can ensure that the money an investor get a good return or not.
This article has discussed about the importance of Stop orders. Stop orders act like the life jackets
Barclays have always charged more for telephone deals. I have managed pretty well by placing limit orders when quote and deal does not work, but Selftrade make you send the order to a dealer which I have so far avoided. So now Selftrade has decided all of a sudden to impose a £40 fee for trades conducted over the phone!
We often hear about the downsides of short selling and its even worse cousin - naked short selling. But what's the difference between short selling and naked short selling and are there any benefits of naked short selling? By referring to short selling, I'm making reference to a speculative play on a stock (specifically, betting on the stock price going down), rather than short selling for hedging or market-making purposes. S
It is hard to devise sound trading system that works on the long term, especially trading systems or strategies designed to work with one forex pair only. The markets seems outsmart any possible indicator. It doesn't seem to be any fixed rule about each indicator, like for instance 'enter at a bollinger band cross.
The CityIndex site is divided into various sections with plenty of emphasis and explanation of how financial spread betting works and how to get started. I'd say that the City Index site and trading platform is fairly user friendly especially after the last revamp of the site earlier this year. CityIndex says that it is happy to welcome the smaller clients although the website admittedly does not make it entirely obvious what it defines as small.
I'm often asked recurrent questions of whether it is practical to trade with a 4k account and the how to trade sub 100k accounts and I'm surprised so few mention forex as a viable alternative. I understand that forex has the inherent disadvantage that you can only trade currencies as opposed to spread betting or CFDs, so you don't have the chance to really diversify; but then again, you wouldn't be able to diversify in anything with a small account.
Discuss this Article
